Which of the following can defeat the profit-maximizing strategy of price discrimination?
a. consumer surplus
b. deadweight loss
c. market power
d. arbitrage
d
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In Econland autonomous consumption equals 700, the marginal propensity to consume equals 0.80, net taxes are fixed at 50, investment is fixed at 100, government purchases are fixed at 100, and net exports are fixed at 40. The slope of the aggregate expenditures model line is
A. 0.90. B. 0.80. C. 0.20. D. 0.99.
The balance of payments and the balance of trade are
a. exactly the same thing. b. not exactly the same thing but are always equal. c. two different and unrelated things. d. two different things, but one is a part of the other.
Voluntary programs are dependable ways to protect the environment.
Answer the following statement true (T) or false (F)
According to economist Jean-Pierre Dube, a 10 percent increase in the price of a twelve-pack of Mountain Dew will lead to a ______ percent increase in the sales of twelve-packs of Pepsi.
a. 10 b. 7.7 c. –5 d. –8.2